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Australian retirement system - Newsweek
The new retirement buzzword that is being played out in the mainstream media is the Australian retirement system. What is it? It is primarily based on superannuation, a compulsory savings scheme designed to ensure that Australians save for their retirement, with current contributions set at 12 percent of earnings. Sam Stevenson, writing for Newsweek, briefly explains why the current administration is evaluating the implementation of this new retirement savings program here in the United States. Read Mr. Stevenson’s article here…
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